The 24th Yiwu Fair to Kick off on October 21-25, 2018

As one of the three export commodities fairs initiated by China's
Ministry of Commerce, the 24th China Yiwu International
Commodities (Standardization) Fair (“Yiwu Fair”), will be held in Yiwu,
Zhejiang Province on October 21-25, 2018. Yiwu Fair is also the largest
and most influential daily necessities exhibition in China. This year,
the Fair offers over 4,000 booths and will feature standardization and
cross-border trade, with an estimation of 200,000 visitors.

In order to promote exchanges and cooperation in international
standardization, and to display the achievements of China's
standardization strategy, Yiwu Fair 2018 will feature made-in-China,
brands of China, and standards of China.

Last year at the Fair, the first standardization exhibition was held,
which gathered 47 standardization institutions including China National
Institute of Standardization, Information Center of Standardization
Administration, the American Society for Testing and Materials (ASTM),
and the American Underwriters Laboratories (UL). 947 standardization
cooperation intentions were reached and deals worth nearly USD 3 million
were made on site.

Yiwu has become an important shared platform for Chinese goods to enter
the world and international goods to enter China. Yiwu hopes to make
full use of its advantages on logistics, supply sources, developed small
commodity market system and the global trade network, to develop
cross-border e-commerce and improve the city’s brand image, striving to
build itself into a strategic fulcrum of “One Belt, One Road”
initiative. At present, Yiwu has 255,000 e-commerce accounts on various
platforms, of which cross-border e-commerce accounts exceed 110,000,
with transaction volume accounting for 15% of the national total. In
China, Yiwu ranks only next to Shenzhen in terms of density of
cross-border e-commerce.

A special exhibition area for e-commerce and trade services will be
presented at the Fair to cover cross-border e-commerce, e-commerce
service industry, mobile Internet, and service traders.

Yiwu Fair will make full use of the city resources and the market to
create a platform that integrates domestic trade, cross-border trade and
media promotion.